Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $690,000 commodity-linked notes on basket
Chicago, Aug. 21 – GS Finance Corp. priced $690,000 of 0% commodity-linked notes due Aug. 1, 2025 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of West Texas Intermediate light sweet crude oil futures contracts, Brent Crude oil futures contract, natural gas futures contract, RBOB gasoline futures contract, corn futures contract, soybean futures contract, copper and gold. The basket is equally weighted.
The payout at maturity will be par plus the basket return with a floor of par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Basket commodity-linked notes
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Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent Crude futures contract, natural gas futures contract, RBOB gasoline futures contract, corn futures contract, soybean futures contract, copper and gold; equal weights
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Amount: | $690,000
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Maturity: | Aug. 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus basket return with floor of par
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Initial prices: | $98.62 for WTI, $103.97 for Brent, $8.229 for natural gas, $3.1132 for gasoline, $6.1625 for corn, $16.37 for soybeans, $7,800.50 for copper, $1,753.40 for gold
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Pricing date: | July 29, 2022
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Settlement date: | Aug. 3, 2022
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Agent: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 3%
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Cusip: | 40057MD48
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